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to get business pools fix for this environment, and we think this $52 million will be sufficient. >> i will end there, but i have other questions for the record. that last question was and did you and i have talked about that maximizes delivered to veterans in tough locations, rural locations, so i thank you for that effort. >> senator blumenthal? >> thank you, mr. chairman, and i apologize for being late, but i have been following some of the testimony and want to thank you all for your service, and, mr. secretary, particularly for your active-duty service to our nation and now in the department of veterans affairs, and to the president for increasing resources available veterans in a very difficult time to escalate. let me begin with senator begich's question relating to electronic health record. i understood that you describe what was going to happen, but i am not sure that i heard what the target date was. he asked for a target date for completing the program. >> we're talking about claims here. >> the electronic record system. recordelectronic help system is still going forward. >
of that traffic. .t causes obviously delays it has an adverse impact on the environment as well. is to expand the american plaza, but also pursue span.bridges fan -- new yorket in buffalo, we southern ontario are -- need capacity. w want emphasize that we are trying to remove barriers to access, both physical and in tolls. when you look at the situation with the peace bridge, a lot of tolls are being used to support expansion of the plaza to promote traffic between the united states and canada. this is something that would be of concern. my sense is that it would be a new agency imposed toll compared to the ones that are already in place. help iniate all of your helping us address the issues and the peace bridge connecting buffalo and southern ontario in particular. i yield that. >> thank you. i turned to the gentleman from utah. thank youecretary, for your services. this is probably a long hearing. you do not know the line of questioning, so it requires you to be an expert on everything. things i would like to ask you quickly if i could. >> sure. >> as a former air force pilot, uncomfortabl
, will probably be here working well past the year 2050 and probably, in today's environment, past the year 2060. our current retirement model is designed to give an employee a defined pension after a long career and it's a model that made a lot of sense in the 19 40's and 1950's but is not going to be appropriate for the 20 40's and the 20 50's. our world is becoming far so dynamic to make promises about pensions 40 and 50 years down the road. the benefit of a defined contribution system is that it gives employees options to consider. if job changes are possible, why hold people to benefits that they may not be able to use for 50 years? e're currently on a trajectory to hit about 400,000 career employees by the year 2017 and that's with all the changes we propose, the six to five day and the network changes as we shrink down. and after we reach that number, it's going to give us a pretty lean work force. we have a pretty lean work force right now from the standpoint of the network and the six-day delivery. but after that we will start hiring people. we estimate between 2017 and 2027, depending
easily to $2 billion in savings. $4.5 billion and will be spent a day to operate in that environment. when in fact you cannot go on the street with the exception of the package delivery, which will be done with dynamic routing, with a lower-cost employee, whether in the rural craft or city craft and allow us to provide that service at a lower acroscost. that is all money that can come out of the system. if calculated in what we think is the revenue loss, and we have talked to customers to validate that. we are terms of that. that we clear something up. people say it is only $2 billion out of $20 billion. if we had it this year we would break even. this year we will lose $1.7 billion on the operating line. as revenue,-costs, with the exception of a worker's comp costs and pre funding. we would make money if we made the six to five move at the beginning of this year. what happens with a $20 billion of that gap exists when you do nothing over a five-year period, and with inflation that continues to grow. when people say it is only 10% of the cost differential, it is not, it would make u
Search Results 0 to 3 of about 4